However, the use of too many sweeteners, protein powders, and ice creams is not healthy. Smoothies which include a large serving of fruits and vegetables are recommended for a healthy diet. Smoothies Market Growth and Demand Analysis: PepsiCo, Inc, Smoothie King, Maui Wowi Hawaiian Coffees & Smoothies, Suja Juice, Innocent Drinks, Bolthouse Farms, Jamba Juice Company, Ella’s Kitchen Ltd, Barfresh Food Group, Tropical Smoothie Cafe and Others. North America, Europe, APAC, Latin America, Middle East & Africa Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities The Peak Foods team will be in charge of manufacturing and operations.īy Product, Distribution Channel and Region Blendtopia produces high-quality, nutrient-rich superfood shakes sold in select online and retail stores. The Nashville acquisition of Blendtopia was made through the Lakeside Foods joint venture, Peak Foods. In October 2019, A Manitowoc Company acquired a frozen smoothie startup.Hershey acquired Krave without uneven nitrite in 2015, and General Mills took over natural and organic specialist Annie a year earlier. Unilever and Tate & Lyle have implemented venture capital weapons, while other companies have chosen the acquisition path, buying innovative startups that exploit the latest consumer trends. Kellogg's venture capital fund is seeking "next-generation innovation," which increases its access to new ideas and trends, an approach that is becoming more common among the world's largest food companies.Blendtopia founder Tiffany Taylor will join the Peak Foods team and coordinate sales, marketing, and product development for the smoothie line. In October 2017, Peak Foods LLC, a manufacturer of frozen whipped toppings for the food and retail markets, acquired Blendtopia, a Nashville-based startup that offers high-quality, nutrient-rich superfood shakes in select retail locations and online.By acquiring Froosh, Fazer will enter a new category and expand its presence in the retail industry. In November 2017, the Fazer Group acquires the leading Nordic shake brand Froosh, which is a leading smoothie brand in Finland and Sweden and the second famous brand in Denmark and Norway.PepsiCo will also use the PJ brand to strengthen its ties to McDonald's. The smoothie brand, which will rub elbows with the Tropicana and Copella juice brands, will be a key element in PepsiCo's effort to increase revenue in its juice division and counter government criticism that its products, such as Walkers potato chips contribute to obesity.The soft drink empire, which already owned 58% of Innocent, took bets from founders Richard Reed, Adam Balon, and John Wright in a deal that gives Coca Cola at least 90% ownership and values Innocent at £ 320 million regions. In February 2013, Coca-Cola took over Innocent after the young founders of the ethical smoothie maker decided to sell their remaining shares, for the staggering £ 100 million, according to reports.Pursuant to the terms of the agreement, an FBI subsidiary has launched a takeover bid for all outstanding common shares of Jamba at a price of $ 13 per share in cash. In September 2018, Focus Brands (FBI) completed the acquisition of the Jamba Juice smoothie chain in a transaction valued at approximately $ 200 million.
Recent Developments in Smoothies Industry: Asia Pacific smoothies market is estimated to be the speedy-growing market with a CAGR of over 9% due to the growing number of people with disposable incomes and changing food habits. North American smoothies market leads the global market due to the high demand for healthy non-alcoholic drinks in this region. Other ingredients used in smoothies include water, ice, sweeteners, chocolate, nuts, dairy products such as milk and yogurt, and other nutritional supplements. Smoothie is a thick nonalcoholic beverage made from raw vegetables or fruits along with some other ingredients. The Global Smoothies Market Size was calculated at USD 12.10 billion in 2021 and is anticipated to touch USD 17.00 billion by the end of the assessment period with a CAGR of 10.1% throughout the calculated period of 2022 - 2027. Smoothies Market Growth and Forecast (2022-2027):
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